Various forms of employee stock and option plans ("ESOP") are becoming tools for long-term employee motivation. The taxation of ESOP underwent several fundamental changes during 2024. Below we summarize the currently valid legislation and the resulting method of taxation. All the changes should aim...
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That means that they are considered additional income, and the value of the reward should be included in your employee's year-end tax forms. But ultimately, this is at the discretion of your finance team. The good news is, while understanding taxable benefits might be new to you, it's...
Enhance your employee onboarding by digitizing the process. Move away from paper-based processes and use digital forms and documents. Online onboarding portals or software like a learning management system (LMS) can make it easier for employees to complete paperwork, such as tax forms, benefits e...
Our expert team will help you claim your tax refund fast while saving you all the headaches of dealing with the IRS. We all know IRS tax forms can be difficult and confusing to complete. Our team will complete all the necessary paperwork to determine your maximum refund amount and streamline...
The company or organization is responsible for its employees’ payroll tax forms, but gig workers, on the other hand, have to file their forms independently. Who is Not an Employee? You aren’t an employee if you’re an independent contractor or gig worker. All people who get hired through...
This blog is based on information available to Rippling as of November 20, 2024. Disclaimer: Rippling and its affiliates do not provide tax, accounting, or legal advice. This material has been prepared for informational purposes only, and is not intended to provide or be relied on for tax, ...
Bonuses are like the surprise fireworks of the workplace—a delightful burst of recognition and motivation. They come in different forms, celebrating achievements and milestones. Bonuses don't just say "great job"; they shout it from the rooftops, spurring employees to aim even higher. ...
If your fiscal year ends on July 31, then your SEP contributions for calendar year 2024 are deducted for the tax year ending on July 31, 2025 because that fiscal year contains the end of the 2024 calendar year.Lower income plan participants may also receive a Retirement Savings Contribution ...
The Employee Retention Credit (ERC) is a federal payroll tax credit designed to retain small business employees. Learn more about ERC services with Aprio.